Swedish legal tech startup Legora has tripled its valuation to $5.55 billion after securing $550 million in Series D funding led by Accel. The AI platform for lawyers has seen its valuation surge from $1.8 billion just last October, when it raised $150 million in Series C funding.

Founded in 2023, Stockholm-based Legora plans to use the fresh capital to accelerate U.S. expansion, opening new offices in Houston and Chicago after establishing its New York presence last year. The company serves over 800 customers across 50 markets. The funding round attracted participation from existing backers including Benchmark, Bessemer Venture Partners, General Catalyst, and Salesforce Ventures, along with new investors like Bain Capital and Menlo Ventures.

This massive investment comes amid record legal tech funding in 2025, with companies in the sector raising $4.08 billion in seed through growth-stage funding - a 77.4% increase from 2024. The funding frenzy reflects investor enthusiasm for AI's potential to automate legal work. CEO Max Junestrand noted that U.S. adoption has exceeded expectations as firms move from experimentation to full integration of AI into core workflows.